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D89 to tackle school finances, enrollment growth

with revenues of ~$40 million and reserves of $14 million (35%), they can afford to spend down the reserves for a while....however, if they do pass an operational referendum, if they can match D41 tax rate then the chances of consolidation rise!

He has predicted downward trends - it just is in the same report as he predicts upward trends. As you'll remember, the report he gave to D41 had a "high" "low" and "middle" prediction. The "middle" was usually considered his "most likely" to occur. Of course, it was always the "high" predictions that got all the play.

This was the D41 graph as posted in another thread. It has two sets of Kasarda projections, one done in 2007, one done in 2012, and the "Actual" student population.

His D89 report (2016 update) can be found at this link. He does again have a High/Middle/Low. It looks like a similar pattern, with the elementary "low" dropping in the near term and the elementary "high" increasing int the near term. His middle school numbers increase under all high/low/middle scenarios although the "low" could be just as easily described as "flat" in the near term. As his report will tell you, the reliability of the projections get worse in the long term.

He has predicted downward trends - it just is in the same report as he predicts upward trends. As you'll remember, the report he gave to D41 had a "high" "low" and "middle" prediction. The "middle" was usually considered his "most likely" to occur. Of course, it was always the "high" predictions that got all the play.

This was the D41 graph as posted in another thread. It has two sets of Kasarda projections, one done in 2007, one done in 2012, and the "Actual" student population.

"In the face of increasing enrollment and costs, Community Consolidated School District 89 is expected to ask voters in the Nov. 6 election to approve a 40-cent tax rate increase.

At their July 16 meeting, District 89 Board of Education members reached a consensus to put the referendum question on the ballot. Board members are expected to formally approve the question at their Aug. 20 meeting.

The district has not sought a tax rate referendum in 32 years. Officials have estimated the owner of a $300,000 house would pay an additional $396 a year in taxes if the referendum were approved.

District 89 serves more than 2,000 preschool through middle school students from Glen Ellyn, Lombard and Wheaton. The district operates four elementary schools and one middle school."

"Glen Ellyn Elementary District 89 will ask voters in November to approve its first operating tax rate increase in more than 30 years to relieve budget pressures from burgeoning school enrollment. Board members say the revenue would put the district on firmer financial footing and stave off educational programming cuts.

But taxpayers would have to dig deep: The owner of a $300,000 house -- the district average -- would pay an additional $396 in property taxes to the district a year. That average resident now pays $3,318.40 to the district."